Fidelity National Information Solutions Acquires Comstock Net Services, Inc.
June 28, 2002
SANTA BARBARA, Calif., /PRNewswire-FirstCall/ -- Fidelity National Information Solutions, Inc. (Nasdaq: FNIS),a comprehensive source for real estate-related data, technology solutions and services, today announced that it has entered into a definitive agreement to acquire Comstock Net Services, Inc. ("Comstock"), a provider of state of the art technology to real estate professionals. The transaction is scheduled to close next week.
Comstock provides advanced technology and methodology in prospecting, lead capturing and relationship building through automated marketing programs to more than 22,000 real estate professionals in over 500 real estate offices in 37 states and Canada. The collaboration is designed to provide REALTORS® with the highest level of service to their clients. Comstock customers will now be able to seamlessly integrate real estate prospect information into FNIS lead management systems. Once the prospect enters the database, the real estate professional then utilizes FNIS' Real Estate Product Suite technology to build a relationship and manage the process of buying and selling a home.
"The acquisition of Comstock introduces distinctive and powerful lead prospecting and generation capabilities, as well as new technology for real estate agents and brokers," said FNIS CEO Patrick Stone. "Comstock's solutions compliment FNIS' vision to deliver the most comprehensive suite of tools to REALTORS® and other real estate professionals," he said.
"Over the last 12 months, we have increased site traffic and delivered in excess of 1.1 million prospect registrations to our clients," said David Camp, President and COO of Comstock. "The development strengths of FNIS will now allow us to even further enhance our services allowing our collective current and prospective customers to enjoy a distinct competitive advantage."
Source: Fidelity National Information Solutions, Inc.
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